Need some auction knowledge help.
If private caveat entered by the same bank which auction the property, will there be any issue get loan after winning the bid, will the bank remove the caveat for successful bidder or this is also same case as cash buying only like 3rd party private caveat?

This post has been edited by AhBoy~~: Nov 22 2023, 01:13 AM

contacted auction house, bank and bank solicitor, all mentioned verbally "should not be a problem"

but in term of procedure - bank solicitor mentioned caveat will only be withdraw by bank once debt balance is settle which make me feel uncomfortable.

I guess I make my mind to keep the money, live to fight another day.

Thanks for all your comment and sharing.

hi all, is there any concerns/things I should take note before enter bid for a recently completed condo but strata title not yet issue by developer?

Will there be like issue like double transfer take time kena penalty or cannot get loan from bank need cash buy etc.?